need help with #6 to 7% per yearfor the next 20 years, and then slows down to s

Question

need help with #6

to 7% per yearfor the next 20 years, and then slows down to s (b) 2 for the next 28 years. (c) Per capita GDP grows at 7% per year for 50 years and then slows down (d) z= (e) z to 1% per year for the next 140 years. 6. U.S. growth: On page 52, we noted that the growth rate of per capita GDP in the United States between 1870 and 1929 was slightly lower than 2.0%, while the growth rate between 1950 and 2015 was slightly higher. Using the following table, calculate the actual average annual growth rates during these two periods 10. Comput by gn 8 (a) y (b) y (c) y (d) y (e) y (f) y (g) y 11 . Comp year,v Year 1870 1929 1950 2015 U.S. income $3,203 $8,669 $14,398 $50,798 7. Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in each of the cases below. The levels are provided for 1980

Explanation / Answer

Growth rate for first phase:

8669-3203/3203 = 1.706525

Annual average growth rate = 1.706525/59 = 0.0289

For period 2

Growth in output = 50798-14398/14398= 2.528128

Annual average growth rate= 2.528228/65= 0.03889

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